Two-Child Families to Get Huf 40,000 in Tax Preferences Next Year

Starting in January, families with two children will enjoy a 40,000 forint (EUR 124) monthly tax preference, the state secretary for family and youth affairs said on Thursday.

Since 2016, the government has been gradually increasing tax preferences for families with two children and next year it will be double the amount that was available in 2015, Katalin Novak told MTI.

Thanks to this measure, families next year will be able to save a total of 2,250 billion forints, she said.

The next steps will depend greatly on the outcome of the government’s recent national consultation on family policy measures, the state secretary added. More than 1.3 million people filled out the survey, she noted, adding that its results will be incorporated into the government’s family policies possibly as early as the first quarter of 2019.